Tuesday, November 15, 2022 12:00:25 PM
First, holding cash now provides a cushion for survival during a long downturn.
Second, that long term down trend will probably create create opportunities to buy good properties with less prescient management. All that cash would allow taking advantage of that.
Third, if you consider rising interest rates, the return on cash may become better than the return on gold for a short time. Remember Volker's 21% Fed funds rate?
In short, Jason is taking a conservative approach during what appears to me to be perilous times. I like that.
Both GORO (2010) and FTCO have been major investments for me also. As for tax purposes, most of my holdings of both stocks are in IRAs, so that's not a real consideration for me.
Dino
Recent FTCO News
- Form 8-K - Current report • Edgar (US Regulatory) • 02/27/2024 09:44:06 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/27/2024 09:06:09 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/31/2023 08:37:04 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 10/31/2023 08:05:41 PM
- Volatile Economy Makes Gold Space 'Increasingly Attractive' • InvestorsHub NewsWire • 10/12/2023 12:45:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/01/2023 08:37:55 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/01/2023 08:05:41 PM
FEATURED Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM
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Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • BLO • Apr 25, 2024 8:52 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM